Copper Prices Bounce Back On Market Optimism

Via Metal Miner Overall, the Copper Monthly Metals Index (MMI) fell 6.66% from June to July. Following a nearly 5% decline throughout June, copper prices found an at least temporary bottom at the end of the month. Prices rose 4.35% during the first week of July as market signals improved. Chinese Import Premium Briefly Returns to Growth Copper demand in China has shown a slight improvement in recent days. The Yangshan Copper Premium, a leading indicator for Chinese copper demand, saw a brief return to positive territory on July 5. The import premium…